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  3. a bond was created at 13.5% nominal paid semiannua

A bond was created at 13.5% nominal paid semiannually. The face value of the bond...

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A bond was created at 13.5% nominal paid semiannually. The face value of the bond is $43000. The bond is a 15 year bond. As the bond was issued, the current nominal interest rate in the market is 9.0% compounded monthly. What price should be paid for the bond? Your

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